Coinbase Enables Bitcoin-Backed Loans Up to $5 Million
The U.S.-based crypto exchange now lets customers borrow against Bitcoin holdings without selling, offering significant liquidity options.
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Summary
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Terms & Concepts
- Bitcoin-backed loan: A loan where Bitcoin serves as collateral, allowing borrowers to access funds without selling their cryptocurrency.
- Coinbase: A major U.S.-based cryptocurrency exchange that offers trading, custody, and financial services for digital assets.